Vista Cima Wealth Management LLC Purchases Shares of 9,360 Cisco Systems, Inc. (NASDAQ:CSCO)

Vista Cima Wealth Management LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,360 shares of the network equipment provider’s stock, valued at approximately $554,000.

A number of other hedge funds have also added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. purchased a new position in Cisco Systems in the fourth quarter worth $26,000. Navigoe LLC purchased a new position in shares of Cisco Systems in the 4th quarter worth about $26,000. Runnymede Capital Advisors Inc. bought a new position in Cisco Systems during the fourth quarter valued at about $30,000. Campbell Capital Management Inc. purchased a new stake in Cisco Systems during the fourth quarter worth about $31,000. Finally, Synergy Investment Management LLC bought a new stake in Cisco Systems in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Down 1.0%

Shares of CSCO stock opened at $63.62 on Monday. The business has a 50-day moving average price of $58.75 and a two-hundred day moving average price of $59.72. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The firm has a market cap of $253.10 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Cisco Systems’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s dividend payout ratio is currently 71.62%.

Cisco Systems declared that its board has initiated a stock buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSCO shares. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays increased their price target on Cisco Systems from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday. Rosenblatt Securities boosted their price objective on Cisco Systems from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday. Finally, New Street Research reiterated a “neutral” rating and set a $70.00 target price on shares of Cisco Systems in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total value of $46,474.38. Following the sale, the senior vice president now owns 44,155 shares of the company’s stock, valued at $2,693,013.45. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $64.37, for a total transaction of $760,080.96. Following the transaction, the executive vice president now directly owns 200,191 shares of the company’s stock, valued at approximately $12,886,294.67. This trade represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,635 shares of company stock valued at $931,901. Insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.